Tags: EU | Greece | Financial | Crisis

Greece Taps Existing Bond Issue for $1.35 Billion

Tuesday, 30 Mar 2010 08:20 AM

Greece's debt management agency says it is issuing more of an existing 20-year bond as it seeks to raise up to 1 billion euros ($1.35 billion).

The bond, with a 5.9 percent coupon, is due to mature on 22 Oct. 2022, the debt management agency said Tuesday.

The reopening of the old bond issue comes a day after Greece raised 5 billion euros with a seven-year bond issue, in a crucial first borrowing test after the euro zone unveiled a rescue last week to help Athens cope with its acute debt crisis.

Monday's bonds were sold with a coupon of 5.9 percent. The high yield comes before April and May deadlines to refinance about 20 billion euros in debt, with total borrowing needs at 54 billion euros ($72 billion) this year.

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Greece's debt management agency says it is issuing more of an existing 20-year bond as it seeks to raise up to 1 billion euros ($1.35 billion).The bond, with a 5.9 percent coupon, is due to mature on 22 Oct. 2022, the debt management agency said Tuesday.The reopening of the...
EU,Greece,Financial,Crisis
131
2010-20-30
Tuesday, 30 Mar 2010 08:20 AM
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